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Feb 27, 2013
02/13
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stearns is going to go out of business and he's nuts, they are nuts, they know nothing. i always like to say there is a bull market where. "mad money," you can't afford to miss it i'm cramer, welcome to cramerica. welcome to "mad money." my job is to educate and coach you, teach you about how all of this works, call me at 1-800-743-cnbc. when i used to teach selling stocks at goldman sachs, i told trainees you have to be ready to rebut the objections. expect challenges and meet them with good answer that put to rest the worries, concerns that would keep you from buying the stocks you want them to own. today the market put on a virtual rebuttal clinic and a terrific day where the dow st y soared 170 points and the nasdaq surged 1.04%. as every important objection was silenced. no wonder we're closing in on the all-time highs what are the negative presumptions that got rebutted. the u.s. economy must be slowing. right? i mean, on account of all the negative stuff people keep talking about. guess what? the notion seemed fanciful. we got good macro, meaning we saw durable go
stearns is going to go out of business and he's nuts, they are nuts, they know nothing. i always like to say there is a bull market where. "mad money," you can't afford to miss it i'm cramer, welcome to cramerica. welcome to "mad money." my job is to educate and coach you, teach you about how all of this works, call me at 1-800-743-cnbc. when i used to teach selling stocks at goldman sachs, i told trainees you have to be ready to rebut the objections. expect challenges and...
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Feb 21, 2013
02/13
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stearns is going to go out of business, they're nuts, they know nothing. i always like to say there is a bull market somewhere. "mad money," you can't afford to miss it hey, i'm cramer. welcome to "mad money," welcome to cramerica. my job is not just to entertain, but to educate. call me at 1-800-743-cnbc. how quickly can things turn? how quickly from good to bad? can they turn from the dime? from the economy from smoking hot to ice cold overnight. can we go from thinking we are working our way out of a long-term jam to game over? the buzzer, that's what was swirling through everybody's heads today. the market got whacked again. we did have a bit of a late-day comeback. the dow sang nearly 47 points. and don't forget, yesterday the worst day of the s & p for the day. today, down another 1.04%. the speed things got negatively is breath taking, too breath taking if you ask me. considering my "squawk on the street" partner, how do things flip so quickly? sequester, housing, to europe, all went from benign to pernicious in one week. is that possible? >> i thin
stearns is going to go out of business, they're nuts, they know nothing. i always like to say there is a bull market somewhere. "mad money," you can't afford to miss it hey, i'm cramer. welcome to "mad money," welcome to cramerica. my job is not just to entertain, but to educate. call me at 1-800-743-cnbc. how quickly can things turn? how quickly from good to bad? can they turn from the dime? from the economy from smoking hot to ice cold overnight. can we go from thinking we...
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Feb 28, 2013
02/13
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and as we all know, they also bought bear stearns in a distressed situation. they were certainly a survivor. with the whale situation, it was a very rare, risk situation failure getting into liquid positions that didn't make a lot of sense and it's been a public relations nightmare as much as anything. >> kay kelly, no doubt. >> the stock market is enjoying another day of modest gains. how long can they rally together? let's go to jackie deangeles. >> scott, it's interesting that it's not happening today. take a look at this chart. bond prices have risen 1% in a week even as stocks continue the upside swing. people tend to jump into bonds when they are worried about stock performance. could this be a major turning point? let's talk features now. what gives with this? >> jackie, this is a phenomena. you see where they have rallied and they want the protection of the bonds and i think investors are covering everything right now the u.s. is still the safe haven. >> covering the basis doesn't give the investors a lost confidence in terms of what we are seeing but
and as we all know, they also bought bear stearns in a distressed situation. they were certainly a survivor. with the whale situation, it was a very rare, risk situation failure getting into liquid positions that didn't make a lot of sense and it's been a public relations nightmare as much as anything. >> kay kelly, no doubt. >> the stock market is enjoying another day of modest gains. how long can they rally together? let's go to jackie deangeles. >> scott, it's interesting...
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Feb 13, 2013
02/13
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stearns are going to go out of business and he's nuts, they're nuts, they know nothing. i always like to say there is a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i'm trying to save you money. i'm teaching and coaching you. call me at 1-800-743-cnbc. of night i come out here and help you find high-quality companies with stocks that are worth owning, stocks that will reward you by going higher or paying you juicy dividends or maybe even both. but perhaps because of my four decades in the business, i sometimes leave too much unsaid. i take too much knowledge for granted. knowledge you need to know to be the best investor you can possibly be. we're taking time-out to impart some of the knowledge in a special show about the way stocks work and interrelate with the companies they stand for and represent, two different things. on "mad money," we analyze companies, trying to see what makes them tick what expectations they are supposed to be, the metrics. we do
stearns are going to go out of business and he's nuts, they're nuts, they know nothing. i always like to say there is a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i'm trying to save you money. i'm teaching and coaching you. call me at 1-800-743-cnbc. of night i come out here and help you find high-quality companies with stocks that are worth owning, stocks...
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Feb 18, 2013
02/13
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bear stearns was sold to j.p. morgan for pennies on the dollar. lehman brothers was allowed to go belly up, and aig, considered too big to let fail, is on life support, thanks to a $123 billion investment by u.s. taxpayers. >> it's legalized gambling. >> it's legalized gambling. it was illegal gambling. and we made it legal gambling. >> with no regulatory controls. >> with absolutely no regulatory controls. zero, as far as i can tell. >> i mean, it sounds a little like a bookie operation. >> yes, and it used to be illegal. it was very illegal 100 years ago. >> in the early part of the 20th century, the streets of new york and other large cities were lined with gaming establishments called bucket shops, where people could place wagers on whether the price of stocks would go up or down without actually buying them. this unfettered speculation contributed to the panic and stock market crash of 1907, and state laws all over the country were enacted to ban them. >> big headlines, huge type. this is the front page of the new york times. >> "no bucket sh
bear stearns was sold to j.p. morgan for pennies on the dollar. lehman brothers was allowed to go belly up, and aig, considered too big to let fail, is on life support, thanks to a $123 billion investment by u.s. taxpayers. >> it's legalized gambling. >> it's legalized gambling. it was illegal gambling. and we made it legal gambling. >> with no regulatory controls. >> with absolutely no regulatory controls. zero, as far as i can tell. >> i mean, it sounds a little...
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Feb 1, 2013
02/13
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with the '07 highs come together rescue of bear stearns and washington mutual, amid the london blair blunder. shares are 11% higher in the next 12 months and that's even nearly 1% higher from the crisis but analysts and stock pickers have taken on an increasingly bullish stance into the sector going into the current rally. analyst predicting yesterday a 14-year run higher for banking stocks. 14-year run. >> yeah. a big call, kayla. and to your point, thank you so much, have a great weekend. bullishness, i'm somewhat surprised at. universal among you guys. if i was to say to you, regulation up, earnings power down, yet every one of you guy says bullish banks. >> no, return to normalized earnings. it is accelerating much quicker than the street anticipates. >> and they rebuilt their balance sheets to dramatically, scott, then you have a return of trading. i don't care. for all of the folks tell meg that retail isn't out there trading, can i tell you trade monster record numbers everyday. morgan stanley, take a look at what's going on there. goldman sachs as well. >> all right, euro fin
with the '07 highs come together rescue of bear stearns and washington mutual, amid the london blair blunder. shares are 11% higher in the next 12 months and that's even nearly 1% higher from the crisis but analysts and stock pickers have taken on an increasingly bullish stance into the sector going into the current rally. analyst predicting yesterday a 14-year run higher for banking stocks. 14-year run. >> yeah. a big call, kayla. and to your point, thank you so much, have a great...
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Feb 21, 2013
02/13
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. >>> and the justice department is investigating jpmorgan over bear stearns mortgage product. they're looking into whether bear stearns altered due diligence information. you crossed them. that third parties provided about the quality of mortgage loans packaged into securities and jpmorgan has pushed back against various government suits seeking to hold the bank accountable for bear's related misconduct. we've seen that. we've seen the -- we've seen seen important government officials and regulators talk about bank of america and what they did and moynahan. and they're talking about countrywide and same thing sort of with behr. >> but it was companies that were taking over that when you take someone over, you take over all the bad rep. >> a lot of these deals were made in the very quick stages late in the night. they wanted deals done before the market opened overseas. >> you are high and tight with that, too. that is marine like. >> you got a haircut, too. >> yeah, but you -- but you look very clean cut. it's a good look for you. because you can pull it off. i kind of need to
. >>> and the justice department is investigating jpmorgan over bear stearns mortgage product. they're looking into whether bear stearns altered due diligence information. you crossed them. that third parties provided about the quality of mortgage loans packaged into securities and jpmorgan has pushed back against various government suits seeking to hold the bank accountable for bear's related misconduct. we've seen that. we've seen the -- we've seen seen important government officials...
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Feb 6, 2013
02/13
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and bear stearns said we don't think this is a good idea. >> there's been a lot of testimony about that, in front of congress in terms of that rating industry. they didn't want to necessarily spend the money to add in all of the mortgages that they would have needed in the data base to get a much better read on what was really still a new product, which was, of course, this new afford ability product, subprime, that made up so much of the cbos. interesting, the code name for this was alkamay. >> that helps the jury. >> whether or not it was fraud, i think still remains to be seen. >> we were talking, it's a lower standard. >> is this a lower standard under what they're charging -- >> at the same time, you know, if you get a fraud, it sticks. there will be pension plans that say, listen, i'm not going to subscribe to the s&p because they committed fraud. a lot on the line here. the first amendment does not trump the act. >> no, it does not. we want to get to bob. time warner shares trumping disney. buybacks, an important part of so much of the interplay in media these days, with many of
and bear stearns said we don't think this is a good idea. >> there's been a lot of testimony about that, in front of congress in terms of that rating industry. they didn't want to necessarily spend the money to add in all of the mortgages that they would have needed in the data base to get a much better read on what was really still a new product, which was, of course, this new afford ability product, subprime, that made up so much of the cbos. interesting, the code name for this was...
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Feb 13, 2013
02/13
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stearns is upgrading from buy to neutral. we're continuing to monitor shares of deere, much higher than analyst expected. the stock rising initially on a report, but now trading down. don't go anywhere. we're going to come back and talk to sam zell and give him the last word on politics and the market when we return. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> comcast, 8%, three points to a new high. shares rising on the news that the company is buying the rest of nbc universal from ge for $16.7 billion. and that's -- really? i think it was supposed to -- >> end of 2014. >> and then it could have been spread out. but as it has been poind out, ge gets cash to do other things. and maybe increase
stearns is upgrading from buy to neutral. we're continuing to monitor shares of deere, much higher than analyst expected. the stock rising initially on a report, but now trading down. don't go anywhere. we're going to come back and talk to sam zell and give him the last word on politics and the market when we return. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the...
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Feb 11, 2013
02/13
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dean wit jer, shearson lay mon brothers, bear stearns, they have come out of the investing. you saw barclays laying off thousands of people. because of what's happened as a result of and cause an effect what happened in 2008, the investment banks are continuing to shrink, therefore much like the airlines out of necessity because what they had to do to run their business, the same parallels are there today and you are seeing returning on investment capital and equity not going to get back to 2008 massively leveraged roes but you're getting bounce back in roes like airline industry. the lesson is very simple. are you will see higher returns on investment capital when capacity comes out whether you have good management or nemedioe management teams because it will happen as a result of simple p & l and how the simple cash flow statement works, something i thought about, not peanuts, when you look at how these companies are gone forever. >> you and i could start an airline on our own, get a plane out of the desert and like opened a boutique with less difficulty not too long ago.
dean wit jer, shearson lay mon brothers, bear stearns, they have come out of the investing. you saw barclays laying off thousands of people. because of what's happened as a result of and cause an effect what happened in 2008, the investment banks are continuing to shrink, therefore much like the airlines out of necessity because what they had to do to run their business, the same parallels are there today and you are seeing returning on investment capital and equity not going to get back to...
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Feb 4, 2013
02/13
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right after the bear stearns collapse, so let's assume that you started buying bank stocks, you know, in april of 2008. way before the financial collapse and you bought them at the same amount of money every week for the last four, four and a half years. you actually made money in virtually every major bank in the united states. you beat the market if you bought u.s. bank or you beat the market if you bought state street. you almost beat the market if you bought jpmorgan and wells fargo. >> hold it right there -- >>> i thought it was interesting, this is barry knapp, you mentioned 1959 as your starting point for a long duration of positive bank earnings. >> right. >> before you got to 1959, though, you had 15 years where bank rfrkt o.e. was cooped at 15%. a huge percentage of bank assets in government securities after world war ii. that's the way financial repression was implemented when the world was monetizing world war ii debt and bank relative performance through the fifty was was terrible. the worst performing group by a long shot. in the '60s things started to loosen up a little
right after the bear stearns collapse, so let's assume that you started buying bank stocks, you know, in april of 2008. way before the financial collapse and you bought them at the same amount of money every week for the last four, four and a half years. you actually made money in virtually every major bank in the united states. you beat the market if you bought u.s. bank or you beat the market if you bought state street. you almost beat the market if you bought jpmorgan and wells fargo....